Swan Meadows Homeowners Association

What Swan Meadows Homeowners Association's governing documents say

Swan Meadows is a standard single-family homeowners association (HOA) in Grand Junction, Colorado. These documents are internal board policies covering conflicts of interest, dispute resolution, and reserve study procedures. They bind the board and the association, not homeowners directly.

• Conflict of Interest Policy: Directors must disclose any financial relationship they or their close relatives have with a contractor or vendor before discussion. The conflicted director must recuse themselves from the entire discussion and cannot vote. Loans to directors or officers are prohibited, and gifts from vendors should be refused or shared.
• Dispute Resolution Process: An owner may request a board hearing within 7 days of receiving a violation or fine. The board must schedule the hearing within 30 days. After presenting evidence, the board decides in an executive session and notifies the owner in writing within 7 days. If dissatisfied, the owner may initiate mediation within 7 business days, paying for the mediator. If either party fails to appear, the other prevails. If mediation fails, the prevailing party in arbitration or litigation recovers all costs and attorney fees.
• Reserve Study Policy: The board will conduct a reserve study when it chooses, using a third-party professional, and review it at least annually. Reserve funds come from common assessments and investment income, and are used only for major capital repairs, replacements, and improvements. The board may adjust reserves as needed.
• What this document doesn't cover: These policies do not describe property use restrictions, architectural rules, parking, pets, leasing, or fees for homeowners. For those rules, check the association's declaration and bylaws.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.